You would not report this gift as income on your income tax return, but your father may have to file a gift tax return (Form 709) if the value of the gift was more than $16,000 ($15,000 for 2021).
See https://www.irs.gov/instructions/i709#en_US_2021_publink16784xd0e314
I would highly recommend that you seek local legal counsel and/or a local tax professional.
See https://www.avvo.com/estate-planning-lawyer.html
See also https://taxexperts.naea.org/listing/service/estates-gifts-trusts
An estate planning attorney should be able to structure this transaction so you (and your father) get the maximum benefit from it while minimizing any adverse tax consequences.
